Consumers Feel Better About Holiday Spending, Still Worried About Gas Prices

BIGresearch's September Consumer Intentions and Actions Survey (CIA) reports the impact of gas prices is down, confidence is up, and consumers are feeling better about increasing their spending this holiday season. 42% reported that they plan to spend about the same if not more than last year.

Joe Pilotta, VP of research for BIGresearch, said "We are seeing this trend across the board, regardless of income. Compared to last year's survey, consumer price sensitivity is down in spite of wildly fluctuating gas prices."

Many people remain skeptical of falling gas prices. When asked if they expect gas prices to be more, less or about the same by Thanksgiving:

·44% of those surveyed said gas will cost more
·32% expected prices to be the same
·24% said gas prices will be less than they are now
·Respondents believe the average price of gas will be $2.84 per gallon

"... these findings indicate that consumers are taking a 'wait-and-see' approach to the temporary lows we're seeing at the pumps these days," said Pilotta.